USDCAD Analysis – September 8, 2013

USDCAD breaks below 1.0450 support, suggesting that the upward movement from 1.0245 had completed at 1.0568 already. Further decline could be expected, and next target would be at 1.0200 area. Resistance is now at 1.0480, only break above this level could trigger another rise towards 1.0750.